Is Scipio, IN 47273 a buyer’s or seller’s market?
Scipio is a seller’s market. With about 0.7 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Scipio housing market right now
In the three months ending August 31, 2026, 33% of homes in Scipio, IN 47273 sold above their list price, the typical home went under contract in 6 days and there were 0.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold about as fast and the median sale price fell 3% to $207,910. Overall, Scipio is less competitive than a year ago, which gives buyers more room.
Within Jennings County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Paris Crossing 47270 (0% sold over asking) or Commiskey 47227 (0% sold over asking).
Run the numbers for 47273
Nearby markets
Butlerville 47223Seller’s market $92 /sq ftCommiskey 47227Seller’s market $175 /sq ftNorth Vernon 47265Seller’s market $142 /sq ftParis Crossing 47270Buyer’s market $76 /sq ft Browse all markets →Towns like Scipio nearby
Find towns like Scipio in other states →Where Scipio is
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Questions about Scipio real estate
Is Scipio a buyer’s or seller’s market?
A seller’s market: there were 0.7 months of supply in Scipio, IN 47273 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Scipio?
The typical home went under contract in 6 days in the latest three months.
Do homes in Scipio sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 93.9% of the list price.
What are property taxes in Scipio?
About 0.60% of a home’s value a year in Jennings County, or roughly $2,400 on a $400,000 home.
What is the median home price in Scipio?
The median sale price was $207,910 in the three months ending August 31, 2026, about $175 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology